10 August 2011 23:59 [Source: ICIS news]
LONDON (ICIS)--European styrene butadiene rubber (SBR) August contract prices rolled over from July because of slower demand during August and lower-than-expected feedstock cost increases.
A number of southern European plants have shut for planned maintenance during August and demand has dropped as a result.
One producer said it made small reductions of €30/tonne ($42/tonne) on large orders. Most southern European producers offered rollovers, but warned there may be increases in September.
One European trader said that there is no competition from ?xml:namespace>
“There is a lot of talk of Asian SBR prices coming down, but most players are on holiday so more reaction is expected from September,” said the trader.
There are currently no supply issues. Demand is weak but expected to pick up from September when plants build their inventories.
SBR is used in the manufacture of tyres for the automotive industry.
($1 = €0.70)
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